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The auction event had 150 in attendance with bidders from California, Ohio, Nevada and Colorado.

The property was offered in two separate ranches, but both were bought by the same buyer — Steven Carlson from Topango, Cal. The first ranch, which is 746.10 acres, sold for $1.54 million and the second ranch, which sits at 1,228.90 acres, brought $5 million. The Carlson family said they plan to build two homes on the property.

Carlson also purchased the Pomona Freeway Opportunity, a 21-acre commercial land development in Los Angeles, through J. P. King for $2.7 million in 2002.

Cathie Twisselman and Karen Twisselman, along with their husbands, listed the ranch for sale several years ago. After several attempted sales methods, including eBay and Craigslist, the Twisselmans last listed the property for $10 million.

Located just 2.5 miles from downtown San Luis Obispo, this picturesque property will be selling as two ranches. These ranches will be offered individually or as an entirety. Ranch 1 is 746.10+/- acres and ranch 2 is 1228.90 +/- acres. This property is ideal for developing a countryside estate, your very own ranchette or establishing a natural or organic farm. With clear and open land, gently rolling hills, and an abundance of aromatic Sage and Oak trees, the Madonna-Twisselman Ranches exudes serenity and spectacular natural beauty. These ranches boast breathtaking views of Pismo Beach, The Oceano Sand Dunes, The Morro Bay Coastline, Morro Rock and the Cayucos Coastline. These ranches also have over 15 natural springs providing water to the ranches and surrounding areas year round, plus two red-rock quarries.

The Madonna-Twisselman Ranches are only minutes away from the landmark resort hotel, The Madonna Inn, just off Interstate 101.

Situated halfway between San Francisco and Los Angeles on the California Central Coast, San Luis Obsipo offers an unlimited amount of outdoor splendor unique only to this area. Miles of beautiful sandy beaches, whale watching, surfing, biking and golf are just a few of the opportunities that recreational enthusiasts can enjoy. Excellent restaurants and the world-renowned California wine country are at your fingertips in San Luis Obispo. The friendly area is also home to numerous galleries, a thriving arts community, and Cal Poly San Luis Obispo. There is truly something for everyone in this enticing, cultural escape.

Auction Registration

Registration begins at 12:00 P.M. (PT). A fee of $25,000 in certified funds will be required to bid.

Property preview information

An auction representative will be available beginning February 1st through Auction day from 10:00 AM until 5:00 PM Monday through Saturday; 12:00 PM until 5:00 PM on Sunday. You may contact a J.P. King Auction representative directly at 256.438.3419 during these designated dates to schedule your private tour.